We actually have very few if any factories in this country that compete against slave labor. That hypothetical is a favorite among socialists, but things like textiles are not generally manufactured here. And since unemployment is at an historic low, I fail to see how its a problem. what you're talking about effectively equals taxing the lower class in this country to police injustices overseas.
Actually, we have quite a few. Just about any industry you can name with factories in the US is looking to expand in China. When you pay people pennies a day, it looks very attractive.
Funny you mentioned textiles. There used to be a lot of places that made textiles, but they couldn't compete against slave labor.
And yes, unemployment is low (although the methods for finding it, like inflation, are always changing), and that is part of the reason we have so much illegal immigration going on.
We USED TO have a lot of textile manufacturing in this country. Now we don't. Why? Can't compete with overseas labor that doesn't have OSHA standards or other basic protections.
There are an awful lot of "used to's" in US industry - things America USED TO make, but now imports, because the imports are cheaper, because of rock bottom labor standards.
And Americans who USED TO do those manufacturing jobs? They've had the hell squeezed out of them, are watching their pension plans fall apart, and are increasingly voting Democrat.
When you see the Republicans get swept in Indiana and Ohio, and those states go blue, you are seeing a power shift that can't be recovered.
So, the GOP can either decide to skew things towards the working middle, or the Democrats will do it. What isn't going to happen is a maintenance of the current status quo, because the pain and insecurity levels are ratcheting up too high for too many people.